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Information and communications technology (ICT) such as automotive safety applications, smart fleet management, and intelligent transportation systems (ITS) that are being incorporated into vehicles and infrastructure are key components of the IoT.

The Internet of Things (IoT) is the network of things (physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators) connected through internet which enables these things to exchange data. This creates opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.

In simple terms we can say IoT is a system of things integrated with sensors, softwares, electronics which are connected to each other & can exchange data or Information with other connected devices.